AEM H1 profit jumps ninefold on AI testing demand

Revenue rose nearly 30%, supported by higher sales to its fabless AI/HPC customer.

AEM Holdings Ltd’s net profit surged 875.6% year on year to $30.8m in the first half, from $3.2m a year earlier.

Group revenue rose nearly 30% to $247.2m, supported by a 191.7% jump in revenue from the group’s fabless AI/HPC customer and higher contribution from Test Cell Solutions (TCS).

TCS revenue grew 52.5% to $180.9m due to the deployments of AEM’s testing solutions for advanced artificial intelligence and high-performance computing applications.

The Contract Manufacturing (CM) segment recorded $63.2m in external revenue, down 5.7% amidst softer external demand from oil and gas customers.

CM’s inter-segment revenue, however, jumped 363.6%, as the segment supported the production ramp of the group’s AMPS platform for the TCS business.

Net profit margin rose to 12.5% from 1.7%. profit before tax increased to $38.2m from $3.9m, whilst its margin widened by 13.4 percentage points to 15.5%.

Earnings per share increased to 9.7 cents from 0.98 cents. The group declared an interim dividend of 2.4 cents per share, payable on 8 September.

Meanwhile, AEM raised its FY2026 revenue guidance to $630m to $680m, from its previous forecast of $550m to $600m.

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AEM Holdings Ltd.

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